The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-05-19
dhe q,ttelliiglt,ttnsr,
WRESTLING. W. VA. MAY 10. 1897.


nam, Ala., ID tue BtfonRebt unhnclhl cofPo>
ration in the South to-day. 1t owned the
original site Of tho city, which twenty
years ago was worn.out cotton planta-
4 ton, and It has sold almos. all tho lots
built upon by the present population Of
$4,000 people. lis stock, originally 500
shares, is now quoted at $1,000 per share,
and the company has still an immenae
amount Of real estate unsold.
Real estate in Birmingham Is now
"quiet" after ils carnival Of excitement,
aud lots are not going of like hot cakes as
they were during tho winter. But the
company holds winning hand. They
have the cards in the shape Of large re.
sources in their hands, and their latest
move is to organize several large co.opera.
tive industrial concerns. We observe by
tho Birmingham Age that they have re.
solved to loan million Of dollars to sew.
eral enterprises, such as q rolling mill, q
stove foundry, locomotive works and
come smaller industries, all to be run on
the cooperative plan.
I This action Is taken with the ayowed
purpose Of making the real estate AID
other assets Of the company .still more
valuable, and keeping alive and intensi'
, Tying the Ho-ahead spirit Of speculation
and development that have had such 8
run in that locality. 1t is to operate as q
stimulus to a somewhat tired and ex.
hausted condition OF things. and judging
from the send OF which their action ge;t
in tho Age VIC shall not be surprised to see
quite q termination.
The company sold nearly 100000
worth OF property in year." the cur.
rent year" they say" which is more
than quadruple any previouu years bust
nesp." Their available assets" have
bsen enormously increased" and they
boas. thu. their resources are now OF such
gigantic character as to enable them to
90 in and boom Birmingham over the
heads Of all competing plscee.
The following quotation from tho ad-
dress OF the President Of the company to
the stockholders is something unique in
its character and reads thus:
Should this company adopt strong res.
olutions announcing to the world tia: the
E!yton Land Company has determined to
austain birmingham by lnaugurntlng
aome Ruch echene 40 suggested, 1t would
eiIectuaily remove all cocDt from the
minds Q! the pubic that here was to be
the great industrial centre OF the South.
1t would at once establish confidence and
enhance the value o! your property more
than the entire amount the works would
coat you.
While We may net FULLY subscribe to the
proposition that providence is always on
the side Of the heaviest artillery" We
must admit tina. muny battles both in war
and commerce are often decided in favor
OF the heaviest guns and the longest purse.
The battle for commercial and industrial
supremacy among the cities Of the South
has commenced. None can equal Birm-
ingham in position, aEt she may remain
to the end eccuye and unscathed behind
her natural ic1t6cations, but the Contict
will be quickly decided il the Elyton Land
Company vii. bring into sction i!s heavy
reserve.
ANY one cen aae that this announce
ment will naturally fire up the waning
spirit Of speculation, and We may yet nee
new boom, a ID kaasss City, break out.
Money used in this way makes even z
tired marc 90, or, in other wordn, it acts
like frenh lot Of lat on the fire. The
E!yton Land Company knows how 10 do
it. They hsve q! their head long headed
man ard congenisl and acquIeacant set
Of d!rectorD who have good thing and
know it. Thsy ara going 10 play thsir re-
aousces for ell thD possibilities Of great
profits.
There ia sCarctly g doub! that they will
win. Birmingham haa been doomed right
along by their superior strategy. Great
are ita natura! RESOURCES and great is the
Elyton Land Company as one Of these re-
souIceE.
Their example tCems to be already con-
ta2ious, for We read III the same number
Of the Age that contains this action on
their part the following announcement.
This IIlyton Land Company was not the
only corporation yesterday TO cut out biz
S;,UTk iOr itEeIl. The Slopa Steel and Iron
Company got apart $50, 900 to be txpeud-
ed for erection At North Birmingham OF
two l25.ton blast furnaces, closing the
contract for the work to Gordon, strobelti
Lsreau, .urnace builders, OF Pittsburgh,
Pa. The contractors promise 70 make
these furnaces the fines. and mos. COM
pete ever built i'll America.
The company has already closed con.
tracte Ior the eteCiiCn Of l6O beehive md
sixty-three Thomas coke ovene, and will
Boon let contracts ior $50 more. Tho fur.
nacea are to be located ut North Birming.
ham, OILS to la rGaCy 10 go in blaAt by
May lot, 1885, and tho other by June LEI,
1855.
Whatever else nG3 he said about thiS
policy, thus pursued for great gazing, 1t
cannot be denied that itis one OF tho very
efficient ways in which the reEourcsa OF a
town can BY developed, an immense
amount Of business created and large
population added 10 4 community. We
submit tho ,nodus oyerandi 10 the rich
mon Of Wheeling who are eeeking oppor-
tutnitica to make money. There ia tho
capital hers 10 do THU sort OF work il we
only had M Elyton Land Company ct the
back OF ii.
-----------
Mrs. Cleveland M Il ii0.tcha.